Boingo Wireless, Inc. (WIFI) Insider Sells $627,500.00 in Stock

Boingo Wireless, Inc. (NASDAQ:WIFI) insider Dawn Callahan sold 25,000 shares of Boingo Wireless stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $25.10, for a total transaction of $627,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Boingo Wireless, Inc. (NASDAQ WIFI) opened at $24.15 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.50 and a quick ratio of 0.50. Boingo Wireless, Inc. has a twelve month low of $10.46 and a twelve month high of $25.99.

Boingo Wireless (NASDAQ:WIFI) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Boingo Wireless had a negative net margin of 11.75% and a negative return on equity of 23.62%. The company had revenue of $53.66 million during the quarter, compared to analysts’ expectations of $50.22 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The firm’s revenue was up 31.5% on a year-over-year basis. equities research analysts forecast that Boingo Wireless, Inc. will post -0.58 earnings per share for the current fiscal year.

WIFI has been the subject of a number of research reports. Oppenheimer lifted their price objective on shares of Boingo Wireless and gave the company an “outperform” rating in a report on Friday, November 3rd. Jefferies Group lifted their price objective on shares of Boingo Wireless from $20.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of Boingo Wireless from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Craig Hallum boosted their price target on shares of Boingo Wireless from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group boosted their price target on shares of Boingo Wireless from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $22.04.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can purchased a new stake in shares of Boingo Wireless during the 3rd quarter worth approximately $114,000. Legal & General Group Plc lifted its position in shares of Boingo Wireless by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 9,149 shares of the technology company’s stock worth $137,000 after buying an additional 341 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Boingo Wireless by 1.3% during the 2nd quarter. Royal Bank of Canada now owns 10,448 shares of the technology company’s stock worth $156,000 after buying an additional 135 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Boingo Wireless during the 1st quarter worth approximately $159,000. Finally, American Century Companies Inc. purchased a new stake in shares of Boingo Wireless during the 2nd quarter worth approximately $164,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

WARNING: “Boingo Wireless, Inc. (WIFI) Insider Sells $627,500.00 in Stock” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/03/boingo-wireless-inc-wifi-insider-sells-627500-00-in-stock.html.

Boingo Wireless Company Profile

Boingo Wireless, Inc is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a service provider of wireless connectivity solutions across its managed and operated network and aggregated network for mobile devices such as laptops, smartphones, tablets and other wireless-enabled consumer devices.

Insider Buying and Selling by Quarter for Boingo Wireless (NASDAQ:WIFI)

What are top analysts saying about Boingo Wireless Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Boingo Wireless Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit